The Russian ruble continues to rise against the dollar and the euro

The Russian currency, the ruble, continued its rise against the American and European currencies, as it rose today, Monday, by about 3%, and the dollar was trading below the level of 59 rubles and the euro below the level of 62 rubles.

The Moscow Stock Exchange said – in a statement reported by Russia Today News Channel – that the dollar exchange rate fell by 1.51 rubles to 58.72 rubles, while the euro exchange rate fell by 1.33 rubles to 61.47 rubles.

The rise of the ruble comes after it had fallen in the second half of last March to historical levels, as it exceeded the level of 140 rubles to the dollar.

At the beginning of last March, the Russian Central Bank announced a set of measures to achieve financial and economic stability in Russia, the most prominent of which is obligating exporters in Russia to sell 80% of foreign exchange earnings on the Moscow Stock Exchange.